GTI-Net Review: Recruitment & unregistered forex investment

There is no information on the GTI-Net website indicating who owns or runs the business.

The GTI-Net website domain (“gti-net.com”) was registered on the 15th of December 2014, with “Jhony Depresseux” of “GTI NET Limited” listed as the owner. A PO Box address in Dubai is also provided.

On his LinkedIn and Facebook profiles, Depresseux (right) lists his current location as Liège, Belgium. Why the GTI-Net domain registration lists a PO Box in Dubai is unclear.

Depresseux’s LinkdIn profile credits him with being a Herbalife affiliate circa 1989 to 1990. There’s then a decade gap until 2000, wherein Depresseux was appointed CEO of LibertyTelecom (a non-MLM telecommunications company in Belgium).

In November 2014 Depresseux signed up as an affiliate with MPT Max.

Using a matrix-based compensation plan, MPT Max saw affiliates pay €60 EUR and get paid when they recruited others who did the same.

They claim this generates a minimum €60 EUR per position, which they then pay out through the matrix as follows:

level 1 – 4% (€2.40 EUR per position)

level 2 – 8% (€4.80 EUR per position)

level 3 – 16% (€9.60 EUR per position)

level 4 – 32% (€19.2 EUR per position)

There are also deposited fund milestone bonuses and a”world bonus” mentioned, however GTI-Net fail to go into any specific details.

Joining GTI-Net

Affiliate membership with GTI-Net is tied to a minimum €500 EUR investment.

After two months all GTI-Net affiliates must also pay an ongoing €15 EUR monthly fee.

Conclusion

As per the GTI-Net website;

At GTI-Net you can get started with only €500.

For your money you will achieve a yield which you most probably will never achieve by yourself.

Undoubtedly GTI-Net are making an investment offering through their opportunity, even if it’s through a third-party.

The third-party in question appears to be PriorFX, with the GTI-Net website stating:

Wherever you are in the world, if the broker PriorFX is available in your country of residence, you can join the GTI-Net team.

Perusal of the PriorFX website reveals it is ‘regulated and licensed by the Cyprus Securities and Exchange Commission‘.

Cyprus isn’t really known for regulation being their strong-point, so take PriorFX’s purported registration there with a grain of salt.

In any event GTI-Net themselves don’t appear to have registered themselves, with the commissions offered through the business opportunity thus constituting an unregistered securities offering.

Affiliates deposit a minimum €500 EUR to participate in the opportunity, with commissions paid when they recruit others who do the same.

Anything that happens external to that is irrelevant, as that’s GTI-Net’s only MLM component.

Of note is that Jhony Depresseux’s previous gig, MPT Max, offered up the same 4×4 matrix compensation plan – including identical percentage payouts on €60 EUR a month.

For whatever reason (my money is on a MPT Max’s decline), Depresseux has cloned MPT Max’s business opportunity. Rather than charge affiliates €60 a month though, now the ruse is consistent forex returns.

This falls apart upon consideration that GTI-Net (through PriorFX or otherwise), are going to make bad trades. Yet here we have the company promising affiliates guaranteed monthly matrix commissions.

That disconnect leaves a huge question mark over exactly what money GTI-Net are paying affiliates with.

At best you’re looking at a Ponzi scheme that, through loopholes and a whole lot of *wink wink, nudge nudge* is just recycling newly invested funds to pay off existing investors.

Your money will never pass through our bank accounts. It is transferred directly into the broker’s account.

It is impossible for us to touch your money. Our traders will never be in touch with you.

At worse you’re looking at a house of cards, operating in a virtually unregulated environment, with a few bad trades all that’s needed to trigger a collapse.

Either way, GTI-Net themselves don’t appear to be registered or regulated in any market. As far as MLM opportunities go, that’s a red flag that shouldn’t be taken lightly.

I perceive me on this blog anything that does not correspond to reality there is written. Only lies or bad interpretation of reality are written.

If the blogger had wanted to do his job properly, he would have at least contacted me and have asked me intelligent questions if he had been able.
There is no more transparant GTI-Net in the MLM market.

1. GTI-Net do not see a penny of the € 500 initial deposit of its members. These € 500 are deposited on a trading account with PriorFX. The money in this account is only available by the member himself. GTI-Net has not access.

2. On each trade made by our systems, commission is taken. This commission is visible to the member GTI-Net trade by trade. The member knows so every penny the amount of commission that his account generates.

3. The member may at any time recover his money including initial deposit. I recall, only he has access to his money.

4. The amount of monthly fee of 15 € is the cost of the system and licensed professional CopyTrade we use. We can prove that too.

Finally, every penny of commission that we distribute is fully demonstrated and experienced members of GTI-Net.

Therefore how can you claim that GTI-Net is a Ponzi? Just because you have not done your research properly. Or because you have interests in spreading this lie.

Then you attack our Broker and even more seriously CySEC and Cyprus.

I’m sure the authorities such as ESMA, CySEC and the state of Cyprus will be very happy to see what you tell them.

Cyprus is the world capital for Forex Broker. CySEC is controlled by the ESMA. The ESMA is the European organization of control and verifies that the regulator properly performed their work. Do you think that Cyprus is off the radar?

I can understand that you are looking for Ponzi and you denounce them. But in this case do your job properly.

I do not seek war with you. But it would be nice that things be said knowingly. That is why I agree to meet you and show you our company in every detail. You can thus see that GTI-Net is a true MLM, not a Ponzi.

I hope in your intellectual honesty and do not erase my answer to keep your readers in ignorance.

First, I thank the moderator of this blog who agrees to publish a right of reply. This is unfortunately not always the case. Accept to see that we were wrong is a form of intelligence.

@ OZ

You are right, the trading is not a science and losses are part of trading. This is for the speculative tradeurs.

In our case, we have a schematic gains that is absolutely not based on speculation, but on catching the spread, which is much easier. We have developed 2 trading system that do this very well. So our system more open to trade and farms catching the spread, the more commission to distribute.

There remains a risk? Yes, we are trading. But this risk is minimized.

For this we have a reserve of CASH and GTI-Net will initiate this cash reserve for saving accounts that would be jeopardized in the first 3 months of opening.

After 3 months, it is the member to manage their account. This is just like a person who rents a house. If he does not accept from time to time to carry out necessary repairs to his house one day he will not have to rent. But do not worry, our system is shown in no danger of back testing accounts.

Our company is notified to the CySEC and all our member too. Which allows everyone to do this work.

For what you say Cyprus, are stupid things because you do not know Cyprus, ESMA and the European directives. I invite you to visit the website of ESMA, you may understand things and stop uttering your nonsense as truth.

Then we propose to me to register itself as a Broker which would give us more legitimacy.

The fact of working with a broker and not be a Broker provides just us even more legitimacy.

In this schematic, only fools who do not want to understand anything can think of a Ponzy. In another scheme, where we would Broker, one could think of a Ponzy or we are a Marketing Maker and therefore our only interest is that the customer lost on the Forex market.

In our current pattern is the opposite.

Regarding MPT Max:

When told about MPT Max, I was in the finalization of GTI-Net. What was MPT Max looked very hard at what I wanted for GTI-Net. But there were some issues for me to clarify.

So I met responsible MPT Max before I started with them. Why create something that already exists?

I had the leaders of commitments on certain issues to change. It had an automated system for trading, transparency on placement of trades, be an STP, not a Marketing Maker, … Unfortunately these points have not been met because contrary to what had been said, MPT-Max is a Marketing Maker and not a STP.

I know the owner of this SCAM. He has been running these types of bullshits for years. He is an Iranian fellow and his birth certificate name is Ali Akbar Karbalai Admadi, but he keeps changing his name to Majid Ahmadi or Pedram and so on.

He was the owner the same fraud websites like ONLINE3FS, INVEST3FS or NATFCorp.

Not only I lost what ever I had, but also I made my family and all my friends to lose their money and fortunes. Also I was in prison because of him. This is a shame to say but I am telling that to let you know I know this conman.

This is funny because after these years the way he speaks has not changed! He cannot stands anyone says anything against his thoughts, even though he precisely knows that what he is doing.

In that case, he will attack you, of course by just writing because he is so coward to meet you or even call you!!!! then, if he finds you have something to say, he will speak softly and when you continue he will say we will not go further in the discussion. Like exactly what he did in this page.

I am telling you guys that you are right. there is no a true company or activity. It is just a money laundry that mostly is active in his country, IRAN, although he fled to the US about 2010.

Because he keeps changing the website names, he could running this F… money laundering till now.

We are living in Iran and we cannot access to the information as you can. Mr OZ, GTI scam and K Chang keep posting your finding and I suggest you that it would much effective if you translate your finding in Farsi because Iranians who are living in Iran generally do not know English very well.

Here you can see on this forum that Jhony (or Johny / Johnny he doesn’t seems to be sure how to spell his name) Depresseux has allready ran several companies, all of them were scams and went bankrupt.

forum.adsl-bc.org/viewtopic.php?t=81678

Here you can see that he got condemned to a 10 000€ fine.

forum.adsl-bc.org/viewtopic.php?t=92836&p=1494282

Then he launched GTI-NET at the beguinning he was running a Forex scam managing people’s money without any financial licence which is requiered to manage people’s money.

He crashed all the accounts very fast then he mooved to Ras al-Khaimah (a tax heaven in the emirates next to Dubai) and is now running a ponzi scheme suposely selling trading robots paying first investors profits with the new investors money, as in any ponzi scheme he is more focused on getting new investors/victims than going to the bank to get a loan to invest by himself.

They pretend to be paying 1%/week but they’re strugling to keep their equity afloat with an insane drawdown of over 55%.

They’ve even blew up a handfull of accounts with investors money but off course they’ve imediatly hiden them. myfxbook.com/members/GTINet/gti-system-2/1921235

As you can see they can’t even make a couple % of profit in equity per year so the only way for them to pay 1%/week to their investors is by running a ponzi scheme paying the withdrawals with the investors own money.

The problem now is as Jack mentionned their traffic droped so they are struggling to trap new victims and their victims are finally opening their eyes and seing that those guys are just serial scamers, ask to get their money back but can’t and only get stupid nonsense excuses.

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